A Backdoor Play on the Herbalife Story
Pretty much everyone has heard both sides of the Herbalife (HLF) story by now. Massive short selling preceded one of the most orchestrated and documented attacks on corporate legitimacy in market history.
Herbalife shares had been stellar performers until last March when they peaked at $73. The stock collapsed to $24.24 recently before rebounding to close at $39.16 on Thursday. A Cayman Island headquarters and about 80% non-U.S. sales certainly make the reported figures suspect....276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.